The deadline to pay federal and state income taxes is next Monday, May 17th. Individual taxpayers who need additional time to file beyond the May 17th deadline can request a filing extension until October 15 by filing Form 4868 through their tax professional, tax software or using the free file link on irs.gov. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17th. The American Rescue Plan Act Of 2021 allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to Covid-19.
